The Armenia–Cyprus Business Forum held in Yerevan is opening new opportunities for deepening cooperation between the business communities of the two countries, expanding investment ties, and developing new export directions.

Participants of the forum emphasized the strengthening of Armenian–Cypriot economic relations, the process of integration with European markets, and the importance of establishing direct contacts between business representatives.

Mariam Manukyan, President of the Council of International Business Relations Support, an Armenian organization with the mission of fostering global business relations, presented the important initiative aimed at strengthening relations between Armenia and Cyprus.

Nine businesspeople from Cyprus have arrived in Armenia, representing companies operating in various sectors. The initiative provides an opportunity for Armenian businesses and entrepreneurs to establish contacts with representatives of the Cypriot business community.

Mariam Manukyan noted that Dr. Natalia Kardash, a Cyprus-based communications and business relations expert and founder of the Successful Business Leaders’ Club (SBL Club), is representing the Cypriot delegation. Her extensive connections and experience in cooperation with the Cypriot business community may help Armenian companies find new partners, as well as expand export and import opportunities.

According to her, the initiative also gives Armenian businesses the opportunity to register in the Cypriot market, which could contribute to export diversification and economic development.

“Cyprus has broad opportunities in the services sector, while Armenia can offer the Cypriot market its potential, particularly in the information technology sector,” Mariam Manukyan said.

During the event, Anahit Simonyan, a member of the Board of the Council for International Business Relations Support, also delivered remarks. She said that such meetings are particularly important in the context of recent major international developments in Armenia, including the first high-level Armenia–European Union Summit and the European Political Community Summit held in Yerevan. 

Speaking about past projects, Anahit Simonyan has reminded that initiatives under the “Bridge to Europe” program have already been implemented in the Armenia–Hungary, Vienna, and Prague directions, which were also aimed at expanding business ties.

She added that the initiative can be seen as a practical continuation of the framework of cooperation established between Armenia and the European Union, aimed at deepening economic relations and business ties.

Dr. Natalia Kardash highlighted the partnership with the Council of International Business Relations Support in organizing such an initiative.

“Within the framework of the forum, Armenian and Cypriot partners are given the opportunity to establish new business contacts, develop cooperation, and identify new sectors and investment directions,” Dr. Natalia Kardash said.